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Just got this question: how Unus Sed $LEO holders and wanna-be holders can check if @bitfinex will use really 27% of its revenues to buy back LEO.
To play the devil advocate imagine we could:
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- report lower volume to buy less LEO but need to explain to an horde of traders why their trades are not reported in the public feed <- so it would not work
- report more (fake) volume but we would commit more money in the process consuming our reserves <- it won't lastShow this thread
3/3
So in my opinion our buy back mechanisms is super-transparent and protective of LEO holders. That is why I claimed we made an unprecedented move among exchanges. Now our revenues are under everyone's eyes.
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It’s also the most transparent buy back program out there
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As transparent as it is, it only shows trading revenues. Since WP mentions consolidated revenues, burn levels should be higher than trading revenues as bitfinex earns from listing fees amongst many other revenue channels.
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We don't have listing fees for tokens. We'll add more revenue streams in the short future (IEO, ...)
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I agree, list BNB and Binance list LEO! best marketing thing you can do
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No one even asks you guys why you're misreporting your figures on your transparency page - why would they question further lies?pic.twitter.com/sajHbygD9w
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your opinion is not worth shit.
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unlike yours ofc
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bro love the work you doing my fren but we need more ways to burn the LEOs bro!
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